Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Stock Crosses Above 50-Day Moving Average – Here’s Why

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA – Get Free Report)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $11.49 and traded as high as $11.61. Nuveen AMT-Free Quality Municipal Income Fund shares last traded at $11.6050, with a volume of 566,517 shares trading hands.

Nuveen AMT-Free Quality Municipal Income Fund Stock Performance

The company’s 50 day simple moving average is $11.49 and its two-hundred day simple moving average is $11.56.

Get Nuveen AMT-Free Quality Municipal Income Fund alerts:

Nuveen AMT-Free Quality Municipal Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be issued a $0.068 dividend. This represents a c) annualized dividend and a dividend yield of 7.0%. The ex-dividend date of this dividend is Monday, June 15th.

Institutional Investors Weigh In On Nuveen AMT-Free Quality Municipal Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Basepoint Wealth LLC bought a new position in Nuveen AMT-Free Quality Municipal Income Fund in the 4th quarter valued at $26,000. Noble Wealth Management PBC bought a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund during the fourth quarter worth $31,000. Entrust Financial LLC bought a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund during the fourth quarter worth $32,000. Pinnacle Bancorp Inc. acquired a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund in the first quarter valued at $41,000. Finally, Fifth Third Bancorp acquired a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund in the third quarter valued at $42,000.

About Nuveen AMT-Free Quality Municipal Income Fund

(Get Free Report)

Nuveen AMT-Free Quality Municipal Income Fund (NYSE: NEA) is a closed-end management investment company that seeks to provide high current income exempt from federal alternative minimum tax. The fund primarily invests in a diversified portfolio of investment-grade municipal bonds, focusing on securities that enjoy strong credit quality and are issued by states, municipalities and public authorities across the United States.

In constructing its portfolio, NEA emphasizes bonds that are rated investment grade by one or more major rating agencies, with an aim to balance income generation and risk management.

Featured Articles

• Five stocks we like better than Nuveen AMT-Free Quality Municipal Income Fund
• Credo Technologies Accelerates AI—Its Stock Price Will Follow
• Qualcomm Goes All-In: The $10B Bet to Crush NVIDIA
• Jabil Just Gave Investors a Stronger Reason to Buy the Dip
• CarMax In Reverse? Why You Should Buy Now Before the Big Catalysts Emerge

Receive News & Ratings for Nuveen AMT-Free Quality Municipal Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen AMT-Free Quality Municipal Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.